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BERKSHIRE HATHAWAY INCBERKSHIRE HATHAWAY INCBERKSHIRE HATHAWAY INC

BERKSHIRE HATHAWAY INC

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In-Depth Technical Analysis of Berkshire Hathaway Inc.Berkshire Hathaway Inc. (BRK.B) closed at $413.72, presenting a potential inflection point as it navigates the tight trading range between $410.00 and $420.00. This consolidation zone has captured market attention, suggesting that a significant move could be on the horizon. The recent price action revealed a bullish engulfing pattern, which often indicates a reversal of a downtrend and a shift in sentiment towards the buyers. This pattern is particularly noteworthy as it has formed near the support level around $410.00, reinforcing the case for a potential upward move. Berkshire Hathaway is currently trading above the Ichimoku Cloud, signaling a bullish stance. The cloud ahead is relatively thin, implying a potential period of equilibrium or consolidation. However, the Tenkan-sen (conversion line) has crossed above the Kijun-sen (base line), generating a bullish signal known as a “Tenkan-Kijun cross.” This crossover is often a precursor to a bullish trend continuation if accompanied by strong volume. Short-term Averages: The 10-day EMA ($410.95) and SMA ($409.74) are acting as immediate support levels, critical for gauging short-term sentiment. These levels need to hold to sustain the bullish outlook. Medium-term Averages: The 50-day EMA ($407.62) and SMA ($408.80) further underpin the price, indicating solid medium-term support. Long-term Averages: The 200-day EMA ($383.03) and SMA ($379.45) are well below the current price, suggesting strong long-term support and an overall bullish trend. Relative Strength Index (RSI): With an RSI of 56.35, BRK.B is in the neutral zone but skewing towards bullishness. This indicates room for further upside before reaching overbought conditions. MACD (Moving Average Convergence Divergence): The MACD line is above the signal line, with a positive divergence, suggesting growing bullish momentum. Stochastic Oscillator: Positioned at 63.38, the stochastic is neutral but indicates potential for further upward movement. Recent volume spikes correlate with bullish price movements, adding weight to the bullish engulfing pattern. Sustained high volume on upward price movements typically confirms the strength of the bullish trend. In recent news, Berkshire Hathaway has notably increased its stake in Occidental Petroleum. This strategic move underlines the conglomerate’s confidence in the energy sector and its potential for growth. Additionally, Berkshire’s robust earnings report, showcasing significant revenue growth, supports the bullish sentiment and adds a fundamental underpinning to the technical analysis. Key Resistance Levels: R1: $422.37 – Immediate resistance; a break above could signal a bullish breakout. R2: $430.34 – Secondary resistance; a critical level that could open the path to further gains. R3: $451.32 – Major resistance; surpassing this could lead to a significant rally. Key Support Levels: S1: $401.39 – Immediate support; a fall below this could trigger a bearish sentiment. S2: $388.38 – Secondary support; a critical level for maintaining the overall bullish outlook. S3: $367.40 – Major support; a breach could signify a deeper correction. Long Position Strategy: Entry Point: Initiate a long position if the stock breaks above $422.37 with substantial volume. This breakout would likely signify the continuation of the bullish trend. Stop Loss: Place a stop loss slightly below $410.00 to protect against downside risk. Price Target: Set an initial target at $430.34. If bullish momentum persists, look towards $451.32 as an extended target. Short Position Strategy: Entry Point: Consider a short position if the stock fails to sustain above $410.00 and breaks below the support level at $401.39. This breakdown could signal the beginning of a bearish trend. Stop Loss: Position a stop loss above $415.00 to mitigate potential losses from a rebound. Price Target: Target $388.38 initially, with a further downside target of $367.40 if bearish momentum strengthens. Berkshire Hathaway Inc. (BRK.B) stands at a pivotal moment, with technical indicators pointing towards a potential bullish breakout while also being on the cusp of a critical support level. The convergence of positive technical signals, recent bullish news, and strategic moves by the company creates an intriguing setup for both short-term and long-term traders. Investors should closely monitor the key support and resistance levels and be prepared to act swiftly as the market reveals its next move.
NYSE:BRK.B
by AxiomEx
Trade Like A Sniper - Episode 19 - BRK.B - (6th June 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis using ICT's Concepts in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful planning, discipline, and taking your shot at the right time in the best of conditions. A couple of things to note: - I cannot see news events. - I cannot change timeframes without affecting my bias due to higher-timeframe candles revealing its entire range. - I cannot go to a very low timeframe due to the limit in amount of replayed candlesticks In this session I will be analyzing the Berkshire Hathaway ETF chart, starting from the 6-Month chart.
NYSE:BRK.B
by Road_2_Funded
BRK.B "always bearish" Based on a bull baer power indicator of "push/pull" type; after I edited the dimensions of the indicator for volume instead of moving average I found BRK.B new to always be Bearish. Unlike BRK.B NEW, the BTC indicator had bearishness many years ago and since is Bullish. Too bad I can't overlay to different charts to show each individual indicator representing each in the same image; if only. It appears people are always trying to defeat Berkshire Hathaway with volume. Unless the edits I made to the indicator represent nothing. Sometimes a nothing indicator an imagined concept reveals as much information as if it was real.
NYSE:BRK.B
by CryptocurrencyBlot
(BRK.B) berkshire hathaway_newThe orange line is a same price % scale of BTC overlayed on top of BRK.B. The long term success of BRK.B is harder done than said. The volatility of Bitcoin is hellish compared to so many years of BRK.B succeeding including stock splits to keep the price down. If marginal shares were available to all people where a person could invest any amount of money they wished into the stock market perhaps more people would have become interested in stock trading before cryptocurrency succeeded. Cryptocurrency affords anyone to invest for any amount of money on any trade of cryptocurrency regardless of the price per share cost, unlike stock market. I know that marginal shares became a thing on Robinhood a couple years back. I am unaware of the progressive push by Robinhood and how their work influences other stock trading companies to improve their business model to appeal to a younger audience. Ironically, there is no way to put "BRK.B" into a tag. There is an understatement of percentage earned here as seen on the BRK.B chart because it doesn't account for all the stock splits over the years. One would have to create a modified chart to have a way to compare stocks that split versus cryptocurrency that does not, kind of like the, 'adjust for inflation' thing people always say and do.
NYSE:BRK.B
by CryptocurrencyBlot
What Did Buffett Say at the Shareholders' Meeting?What Did Buffett Say at the Shareholders' Meeting? Warren Buffett, aged 93, held his first Berkshire Hathaway shareholders' meeting this weekend without Charlie Munger, his longtime partner at Berkshire Hathaway, who passed away at the age of 99. Following the meeting, it was revealed that Berkshire Hathaway's cash reserves are at record levels and continuing to grow, reflecting the challenge of finding stocks for the value investing strategy that has defined billionaire Warren Buffett's success. Cash, cash equivalents, and short-term Treasury bills for Buffett's group totaled $189 billion at the end of March, up 13% from the end of 2023. "It is fair to assume that by the end of this quarter they will probably be around $200 billion," Buffett said. According to the legendary investor: Berkshire sold about 13% of its Apple shares; reduced its stake in Chevron by approximately 2%; Coca-Cola and American Express are "wonderful companies"; the Indian stock market may present "untapped opportunities"; "We only pick those areas that we like." Technical analysis of Berkshire Hathaway stock B (BRK.B) shows that: the price is forming an ascending channel (shown in blue); after forming a historical high (A), the price showed a sharp decline – a bearish sign; attempts to surpass this high were unsuccessful, with peak B ending at a lower level – confirming supply-side activity at price levels around $420 per share of BRK.B; bulls have the opportunity to bounce off the channel's median line to demonstrate their determination – aided by psychological support around $400 per share. However, with each candle on the price chart of BRK.B, a descending channel (shown in red) becomes clearer – indicating a correction within the current upward trend and suggesting potential price decline of BRK.B towards the channel's lower boundary. According to TipRanks, the average price target for BRK.B is $443 over the next 12 months. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NYSE:BRK.B
by FXOpen
3
Berkshire Hathaway's Q1 Operating Earnings Jumped 39% Berkshire Hathaway's ( LSE:BRK ) Q1 operating earnings rose 39% to $11.22 billion, driven by robust insurance and investment income. The Omaha-based company reported a 39% increase from $8.065 billion in the year-ago quarter. At the end of the quarter, approximately 75% of the aggregate fair value was concentrated in five companies. In Q1 net earnings, investment losses totaled approximately $9.7 billion, while gains amounted to around $23.4 billion in the same period of 2023. These gains and losses were primarily due to changes in unrealized gains in equity security investments. After-tax realized gains from investment sales were $11.2 billion in the quarter under review, compared with $1.7 billion in the year-ago period. Net earnings attributable to Berkshire ( LSE:BRK ) shareholders decreased to $12.702 billion from $35.504 billion a year ago. Insurance underwriting generated earnings of $2.59 billion versus $911 million year over year. Earnings from insurance-investment income totaled $2.598 billion compared to $1.969 billion in the year-ago period. Berkshire Hathaway ( LSE:BRK ) Energy Company generated first-quarter earnings of $717 million, higher than $416 million a year ago. Other controlled businesses earnings in the first quarter totaled $3.088 billion, higher than the $3.065 billion in the first quarter of 2023. Warren Buffett, known as the "Oracle of Omaha," has a real-time net worth of $131.7 billion. BRK/B shares closed higher by 0.07% to $400.87 on Friday, with shares up by 0.26% after hours.
NYSE:BRK.BLong
by DEXWireNews
$BRK looking for a healthy correction?Price got heavily rejected twice at around 422 mark, with lower highs and lower lows being printed on the weekly chart. On a higher timeframe, the price has bounced again from an upper resistance. Not any meaningful bearish divergences aside a soft triple bearish divergence on the monthly chart. In the scenario of a pullback, price could bounce from the 370 mark, where several important support levels are present: fibonacci level 0.618 of the pullback, trendline support, EMA 20 in monthly, volume/demand zone and previous resistance mark 360, which needs to be tested. Current price: 408 Target price: 370
NYSE:BRK.BShort
by fortune_00
(BRK.A) - Technical Analysis ReportBerkshire Hathaway Inc. (BRK.A) displays a potential retracement in its upward trajectory as evidenced by the latest candlestick pattern on the daily chart. The stock closed at $616,630.01, marking a -1.64% move from the previous session. This shift could indicate a cooling phase following the recent bullish sentiment, as sellers start to take profits at current levels. Volume Analysis: The volume presents a dichotomy from the norm, having remained somewhat consistent, which does not fully corroborate the price dip observed. The On-Balance Volume (OBV) shows a slight downward tick yet maintains a relatively high level, suggesting that while some selling pressure is present, it has not overwhelmed the buyers' persistence. Technical Indicators: Moving Averages: Ichimoku Cloud: The price resides above the Ichimoku cloud, which generally suggests a bullish trend. However, the latest price action towards the lower boundary of the cloud may hint at a weakening of the bullish momentum. Oscillators: Relative Strength Index (RSI): At 46.81, the RSI is currently neutral, reflecting a balance between buying and selling forces. It has retreated from the overbought territory, indicating a normalization of buying pressure. Stochastic Oscillator: The %K line has crossed below the %D line, signaling potential short-term downside momentum and possibly forewarning of a trend reversal. Moving Average Convergence Divergence (MACD): The MACD line remains above the signal line, but the histogram shows diminishing bullish momentum as the bars shorten. This could indicate a slowing of the upward trend or a pullback. Support and Resistance Levels: Fibonacci Levels: The stock is hovering above the 38.2% retracement level. A break below this could see the price target the 50% retracement level as the next support. Psychological Levels: Maintaining support above the $600k level is crucial for maintaining bullish sentiment. A decisive drop below this could lead to a shift in market psychology and invite increased selling pressure. Speculative Price Targets: Looking ahead, the key resistance to watch is the recent high near the $650k level. A bullish resurgence could target this level, while a break could lead to speculative targets at $660k, adhering to the historical resistance zones. On the flip side, if the bears take control, we may see BRK.A retreat towards $590k, aligning with the Fibonacci retracement levels and previous areas of consolidation. Conclusion: Berkshire Hathaway Inc. currently exhibits a confluence of signals that warrant a cautious approach. While the overarching trend remains bullish above the Ichimoku cloud, the latest indicators suggest a potential consolidation or pullback could be on the horizon. Investors and traders should monitor the aforementioned levels and indicators closely, adjusting their positions accordingly. Price action near key Fibonacci levels and the Ichimoku Cloud’s lower boundary will be critical in determining the near-term trajectory of BRK.A.
NYSE:BRK.A
by AxiomEx
Analyzing Berkshire Hathaway A (BRK.A) Stock: Insights & OutlookBerkshire Hathaway ( LSE:BRK ) has long been a staple in investors' portfolios seeking stability and growth. However, recent performance metrics and analyst projections have sparked discussions among market participants. As LSE:BRK prepares to unveil its earnings report, investors are scrutinizing key indicators to gauge the company's trajectory and potential. Earnings Expectations: The upcoming earnings release for Berkshire Hathaway is generating significant anticipation within the investment community. Analysts predict an EPS of $3.41, reflecting a slight decline compared to the previous year. Despite this modest setback, the company's quarterly revenue estimate stands at $81.03 billion, underscoring its robust operational scale. Analyst Insights and Estimate Revisions: Analyst sentiment towards LSE:BRK is crucial in shaping investor perceptions and market dynamics. Recent adjustments to analyst estimates highlight the fluid nature of short-term business patterns. Positive estimate revisions are often interpreted as favorable indicators for the company's outlook, signaling potential upside in the stock's performance. Valuation Metrics: Assessing BRK.B's current valuation metrics reveals insights into its market positioning. With a Forward P/E ratio of 22.07, the company commands a premium compared to industry peers. Similarly, its PEG ratio of 3.15 suggests a premium relative to projected earnings growth, underscoring investor confidence in Berkshire Hathaway's long-term prospects. Technical Outlook The stock's price momentum, trading near its 52-week high and above its 200-day moving average, signals positive sentiment among investors and potential for further upside.
NYSE:BRK.A
by DEXWireNews
Potential Continuation in Berkshire HathawayBerkshire Hathaway broke out to new highs in January. Now after a pullback, it may be continuing higher. Consider the price zone around $400 on today’s daily chart. It has a potential double significance. First, it represents a 50 percent retracement of the move between January 23 and the high of February 26. Second, it’s near a high on February 13 that was retested as support on March 5. (See the white arrows.) Holding that area may confirm the financial conglomerate’s uptrend. Next, BRK.B has remained above its 21-day exponential moving average. That could also reflect a bullish trend. Third, stochastics have rebounded from an oversold condition. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NYSE:BRK.B
by TradeStation
Rail/Transportation Stocks: Macro Fib SchematicsThe biggest rail companies in the world. union Pacific, Berkshire Hathaway, CSX Corp, Northfolk Southern, Canadian Railway Co... GATX is a logistical distributor of railcars, trucks, ect... FedEx and UPS are postal companies which transport many things. These Schematics are an eye full but with a careful eye, it is easy to see the patterns of support and resistance. This is a 2 Month chart but they still work with the schematics because all timeframes work in tandem. Some examples of stock movement include Berkshire Hathaway blasting off from an important Fibonacci Level (RED). Also, there are rejections on GATX and supports on UPS. Canadian Railway is heading into resistance. ECT ECT ECT...
NYSE:BRK.A
by MichaelBsul
Was it Charlie the whole time or does Warren just give up...Was it Charlie the whole time or does Warren just give up... Berkshire Hathaway, Inc. engages in the provision of property and casualty insurance and reinsurance, utilities and energy, freight rail transportation, finance, manufacturing, and retailing services. It operates through following segments: GEICO, Berkshire Hathaway Reinsurance Group, Berkshire Hathaway Primary Group, Burlington Northern Santa Fe, LLC (BNSF), Berkshire Hathaway Energy, McLane Company, Manufacturing, and Service and Retailing. The GEICO segment is involved in underwriting private passenger automobile insurance mainly by direct response methods. The Berkshire Hathaway Reinsurance Group segment consists of underwriting excess-of-loss and quota-share and facultative reinsurance worldwide. The Berkshire Hathaway Primary Group segment consists of underwriting multiple lines of property and casualty insurance policies for primarily commercial accounts. The BNSF segment operates railroad systems in North America. The Berkshire Hathaway Energy segment deals with regulated electric and gas utilities, including power generation and distribution activities, and real estate brokerage activities. The McLane Company segment offers wholesale distribution of groceries and non-food items. The Manufacturing segment includes industrial and end-user products, building products, and apparel. The Service and Retailing segment provides fractional aircraft ownership programs, aviation pilot training, electronic components distribution, and various retailing businesses, including automobile dealerships, and trailer and furniture leasing. The company was founded by Oliver Chace in 1839 and is headquartered in Omaha, NE.
NYSE:BRK.B
by EndlessCode
Warren Buffet’s Berkshire Records Annual Profit SoarBerkshire Hathaway ($NYSE: LSE:BRK ), the conglomerate led by legendary investor Warren Buffett, has once again demonstrated its financial prowess with a second consecutive year of record annual profit. The company's stellar performance, fueled by gains from investments in common stock and robust insurance operations, underscores its resilience amidst market volatility. However, amidst the positive financial results, Buffett's cautious outlook on buying opportunities and the revelation of Berkshire's foray into crypto-related stocks add layers of intrigue to the narrative. Record Profit and Financial Highlights: Berkshire Hathaway ( LSE:BRK ) reported an impressive net profit of $96.2 billion for the entirety of 2023, surpassing its previous record set in 2021. The company's operating profit for the fourth quarter surged by 28% to $8.48 billion, driven by gains across various investment portfolios and increased revenue from insurance operations. Berkshire's resilience in the face of market downturns, such as the crash in 2022, underscores its ability to navigate turbulent economic landscapes. Buffett's Cautionary Tone and Limited Buying Opportunities: Despite Berkshire's stellar financial performance, Warren Buffett remains cautious about the firm's future buying prospects. With Berkshire's massive size and a scarcity of significant acquisition opportunities, Buffett suggests that the conglomerate may only marginally outperform typical American corporations. Buffett's remarks shed light on the challenges of deploying capital efficiently in a market characterized by limited investment options, reflecting his prudent approach to capital allocation. Surprise Crypto Investments Contradict Buffett's Stance: In a surprising turn of events, Berkshire Hathaway's ( LSE:BRK ) disclosed investments in crypto-related stocks stand in stark contrast to Warren Buffett's well-known skepticism towards cryptocurrencies. The revelation that Berkshire increased its investment in Nubank, a leading Latin American digital bank offering crypto trading services, highlights the conglomerate's recognition of the disruptive potential of digital banking and cryptocurrencies. This strategic move underscores Berkshire's forward-looking vision and its willingness to adapt to evolving market dynamics. Conclusion: Berkshire Hathaway's ( LSE:BRK ) record profit, coupled with Warren Buffett's cautious tone and unexpected foray into crypto-related stocks, paints a multifaceted picture of the conglomerate's evolving strategy. While the company continues to deliver impressive financial results, Buffett's prudent approach to capital allocation reflects a commitment to long-term sustainability and value creation. As Berkshire navigates the complexities of the modern financial landscape, investors are poised to monitor its strategic moves with keen interest, recognizing the convergence of tradition and innovation within one of the world's most renowned investment vehicles.
NYSE:BRK.BLong
by DEXWireNews